There are a plethora of reasons as to why any student will want to study accounting course within the USA. It is to be noted that the reasons even more multiply for the Indian students intending to study abroad accounting within the USA. But before going deeper into the specific reasons for the Indian students to apply for studying accounting in the USA, it would be more important to discuss the accounting as a subject. This will ensure that the students before deciding upon the choice of accounting as a specialised subject must understand whether they will be able to take up accounting as a subject or not.
So, this will ensure that their funding or investment to be made in future within the USA will not go in vain and they really will be able to grasp the accounting as a subject and subsequently will be able to qualify as a successful professional accountant post the pursuance of the accounting course in the USA. So, accounting as a separate base of systematised knowledge denotes a holistic collection of method to measure, process as well as share financial information about a business or a corporate entity. So, in simple sense, accounting is nothing but recoding the daily transactions of a business or non-business entity in a systematised manner under definite formats so that the correct state of financials that is position and performance of the entity can be determined at the end of a financial year.
This proper accounting ensures that the financial information of the company gets communicated to the users of such financial statements under proper format so that the comparability amongst the financial statement can be maintained in an effective manner. So, these are the basics of accounting that the students intending to take up accounting under the bachelor degree have to go through before they qualify their undergraduate examinations in any country.
So, as mentioned above, there are a wide range of reasons as to why any Indian student will want to study accounting within the USA. The first reason why an Indian student want to study the accounting in the USA is that there are a lot of different types of accounting courses that are offered in the USA by all the prominent universities in the USA under both undergraduate as well as post graduate courses such as the cost accounting, tax accounting, forensic accounting, managerial accounting, auditing and many more. This is why the students after becoming graduates from the top universities of the USA are able to join different career option in the USA as well as all around the world. It is to be noted that many of these courses as a separate honour’s degree is not at all provided by many different and prominent Indian universities at all. It is to be noted that accounting is one such subject or profession that is required in almost in all different fields or study areas which are known to mankind.
For instance, a hospital, a space research organisation or even an arts gallery or a history college will be requiring an accountant to maintain its accounts and financial papers. This is also to be noted that USA is one such country which is vastly industrialised and highly developed country with loads of different types of industries and organisations that require a considerable volume of accountants. According to the U.S. Bureau of Labor Statistics or the “BLS”, the country of the USA generates at least 136,400 new accountant related job openings every year. So, the different types of accounting graduates are easily able to secure a high paying accounting job in the USA immediately after becoming graduates in the USA owing to this high degree of demand for professional accountants for study in the USA. The USA as per the BLS generates at least 8% new accountant’s job each year. This is why an Indian student greatly desires to apply for an accounting course in any one of the universities in the USA.
It is to be noted that there is other plethora of reasons as to why any Indian student might want to apply for an accounting course in the USA. The first eminent reasons are that the students post becoming graduates from the relevant accounting courses are able to enrol for the quality of other professional courses provided in the USA such as the CFA, CPA, CS and other relevant degrees in the commerce and accounting field. It is to be noted that not only the undergraduate as well as postgraduate degrees offered by the universities of the USA are internationally recognised, but also, the relevant professional degrees as mentioned above are globally recognised. This means that the holder of these academic as well as professional degrees can apply for an accounting or company administration related jobs in any part of the world including India where these holder of USA degrees are given special references or attention in the job market related to accounting or top finance related job in top companies across the world.
It is to be noted that the other reasons as to why any Indian student would want to apply for an accounting course in the USA starts with the fact that the USA have numerous prominent universities that provides these wide plethora of accounting courses to the international students especially the students from India such as the “King’s College” located in Pennsylvania followed by “University of Tampa” located in Florida, “Saint Martin’s University” located in Lacey, USA and many more. It is also to be noted that these universities or higher educational institutions offers a world-class learning experience to the students equipped with world-class accounting faculty and learning amenities that the Indian students might not be able to get under any public university located across India except for a few private universities charging huge amount of money. Above all, these universities in the USA have direct strategic partnerships with big and renowned organisations and business entities which either selects fresh quality minds from the campus recruitments or provides internship opportunities to the students that duly adds up to the resume of the students which will immensely assist them in the job market.
It is to be noted that these high flying educational and placement opportunities with prominent and high paying business entities partnered with these universities may not be available to the Indian students studying in any Indian business school or university. Finally, access to high paying accounting jobs could be yet another reason for studying accounting the USA where average starter salary package in the big 4 starts around $85,000 a year. So, these are the reasons as to why Indian student would like to apply for an accounting course in the USA.
The popular undergraduate courses in accounting may include a “B.A. degree in Accounting” by the “Saint Martin’s University” followed by “B.Sc degree in Accounting” by the “University of Tampa”, “Bachelor of Science in Business Administration in Accounting as a major” by the “King’s College” and many more. The popular master degree in accounting courses is offered by the “University of Pennsylvania” in “MBA Accounting”, “Columbia University” in “M.Sc in Accounting and Fundamental Analysis”, “University of Michigan” in “Master of Accounting” and many others.
All undergraduate courses in accounting are of four years in duration.
All graduate courses in accounting are of three years in duration.
All postgraduate courses in accounting are of two years in duration.
The average tuition fee cost for the undergraduate courses in accounting within the USA ranges between USD31,000 to USD55,000 which is around INR24,61,065 to INR43,66,406.
The average tuition fee cost for the graduate courses in accounting within the USA ranges between USD28,000 to USD50,000 which is around INR23,02,538 to INR41,11,675.
The average tuition fee cost for the postgraduate courses in accounting within the USA ranges between USD54,000 to USD82,000 which is around INR44,40,609 to INR67,43,147.
The cost of living in the USA is way more as compared to the cost of living in India owing to USA being a developed country. It is to be noted that share rental in the USA will be costing around INR38,261 per month. The average grocery cost for a student in the USA will be around INR22,957 a month. The average electricity cost in the USA would be around INR7,652 per month. The public transport cost in the USA would be around INR7,652 a month and many more.
The prominent scholarships include “Master of Science in Accounting Scholarship” provided by the “New York University” where a maximum of USD10,000 is offered to the students followed by the “John School Scholarship” offered by the “Cornell University” where the scholarship for study abroad award ranges between USD5,000 to USD10,000 depending upon the economic condition and merit of the student and many more.
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Some of the top accounting colleges/universities in the USA are as follows –
Different colleges/universities in the USA follow various admission norms. The standard requirements include filling out the application form and providing the following documents.
Check precise details from the institute's official website before applying.
Students seeking entry for Bachelor of Accounting at a top US college/university will provide the documents mentioned above, fill out the application form and pay the amount in full. Those seeking Master's for Accounting courses must provide their Bachelor's degree in Accounting or an equivalent certificate. The required GPA must be 3.0 (or above) from a reputed institution.
They must also share an IELTS score between 6.5 – 7.5 or TOEFL iBT score between 80 – 100. Check precise details from the university's official portal for better clarity.
That said, these are estimated costs. Contact the institution's admin or visit their website for exact pricing details.
For a Masters degree in Accounting in the USA –
For Bachelor's degree in Accounting in the USA –
Learn more about eligibility criteria from the university's official portal or student help desk.
Indeed. You must show an IELTS score between 6.5 – 7.5 or a TOEFL iBT score between 80 – 100. Almost all major Accounting colleges/universities require English proficiency language test scores.
So, be it applying for BA or MA in Accounting, you must meet the necessary score criteria for a good chance.
Several prestigious scholarship awards are available for top accounting institutes in the USA.
Some Popular Ones Are as Follows –
Learn more about them via web search. Also, feel free to ask our specialists for other study abroad-related questions.
You can work up to 20 hours per week and full-time during breaks or holidays via your student VISA while pursuing an accounting course degree from a top US institution.
You must check if the US college/university is accredited by AACSB (The Association to Advance Collegiate Schools of Business). Statistics show 30% of US accounting institutions carry this accreditation. So, check out the ones that do.
Furthermore, you must take time and sort the top most reputed/accredited US colleges/universities for accounting course degrees. Sign up today and speak to our specialists for college/university guidance and lots more.
UG accounting programs at top-tier accounting institutions in the USA are 4 years. However, those who excel in the course's learning can graduate in 3 years. For PG accounting programs, it takes almost 2 years. Book a free consultation today and learn more!
The average cost of living in the USA is 5,000- 10,000 USD while pursuing an accounting course degree from top-tier institutions. The amount equates to 39,649.58- 79,305.75 (INR). The cost covers housing, food, stationery, travel, recreational activities, etc.
Internship opportunities exist for International accounting students studying at top US institutions. Some of the top players offering internship opportunities include – Accenture, KPMG, Deloitte, etc.
Some common networking events via Seattle University, one of the top US accounting institutions, include as follows –
Similar other notable US institutions organize networking events for their fellow students. Visit their official websites to learn more.
You can. But those family members must apply for a B-2 visitor VISA. It will let them stay for 6-months in the US. Moreover, you must also provide relevant documents to prove your relationship with them.
Top job prospects in the USA for accounting students include as follows –
Of course, there are plenty more opportunities across the USA. So, study hard and become eligible for these lucrative prospects. Sign up today for a personalized consultation if you need test preparation tips and advice on studying in the USA.
Those wanting to pursue MA in accounting from a top US institution must take the GMAT. However, GRE is also accepted by some colleges/universities. Hence, it's best to have both of them ready if your chosen university requires them. Of course, you can always check at the sorted institute's official portal to learn whether it needs GMAT, GRE, or both.
Need tips and advice preparing for the GMAT or GRE test? Our professionals are here to assist you. Book a free consultation today.
Most top-rated colleges/universities in the USA typically seek candidates with 75-80% or 3.0-4.0 GPA. GRE and GMAT requirements vary among institutes. So, it's ideal to keep your score tally within this range. You can always enquire more by speaking to the chosen university's faculty or browsing their official website.
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